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No Tax Refund Even After 90 Days? Here's the Reason Behind the Delay

Many taxpayers are facing a frustrating wait for their tax refunds as nearly 24 lakh income tax returns (ITRs) for the Assessment Year 2025–26 have been pending for more than 90 days. According to the Minister of State for Finance, Pankaj Chaudhary, as of February 4, 2026, out of 8.79 crore ITRs filed, approximately 24.64 lakh were yet to be processed, leaving millions of individuals waiting for their refunds. The large backlog has triggered concerns, especially for senior citizen

Business

11 Feb 2026 05:19 AM 62 views

No Tax Refund Even After 90 Days? Here's the Reason Behind the Delay

Many taxpayers are facing a frustrating wait for their tax refunds as nearly 24 lakh income tax returns (ITRs) for the Assessment Year 2025–26 have been pending for more than 90 days. According to the Minister of State for Finance, Pankaj Chaudhary, as of February 4, 2026, out of 8.79 crore ITRs filed, approximately 24.64 lakh were yet to be processed, leaving millions of individuals waiting for their refunds. The large backlog has triggered concerns, especially for senior citizen

Business

Income Tax Audit 2025: Key Deadlines, Rules And Penalties For Businesses And Professionals

The clock is ticking for taxpayers who are required to file their income tax audit reports for the financial year 2024–25. The deadline has been set for September 30, 2025, and unlike in some past years, the Income Tax Department has not announced any extension. For companies, proprietorships, and firms whose accounts must be audited, filing the audit report on time is not just a compliance requirement—it is essential to avoid hefty penalties unde

Business

24 Sep 2025 04:16 AM 521 views

Income Tax Audit 2025: Key Deadlines, Rules And Penalties For Businesses And Professionals

The clock is ticking for taxpayers who are required to file their income tax audit reports for the financial year 2024–25. The deadline has been set for September 30, 2025, and unlike in some past years, the Income Tax Department has not announced any extension. For companies, proprietorships, and firms whose accounts must be audited, filing the audit report on time is not just a compliance requirement—it is essential to avoid hefty penalties unde

Business

Big GST Reforms Coming Soon, PMO Signals Green Light

The Prime Minister’s Office (PMO) has approved a significant overhaul of India’s Goods and Services Tax (GST) system, paving the way for major reforms to simplify the tax structure. The proposal is set to be discussed in the upcoming GST Council meeting in August. The finance ministry has already initiated discussions on the changes, which are expected to streamline the GST system and ease compliance for businesses and consumers alike.

Business

16 Jul 2025 01:05 AM 743 views

Big GST Reforms Coming Soon, PMO Signals Green Light

The Prime Minister’s Office (PMO) has approved a significant overhaul of India’s Goods and Services Tax (GST) system, paving the way for major reforms to simplify the tax structure. The proposal is set to be discussed in the upcoming GST Council meeting in August. The finance ministry has already initiated discussions on the changes, which are expected to streamline the GST system and ease compliance for businesses and consumers alike.

Business

Pay Rent Above 50000? Know This TDS Rule to Avoid Fines

If you're a tenant paying more than ₹50,000 in monthly rent, you could be sitting on a potential tax penalty without realizing it. As per Section 194-IB of the Income Tax Act, even salaried individuals not just business entities are required to deduct 2% Tax Deducted at Source (TDS) from the rent and deposit it with the government. This provision applies to anyone paying high-value rent and is often overlooked, leading to costly mistakes.

Finance & Economics

07 Jul 2025 08:30 AM 607 views

Pay Rent Above 50000? Know This TDS Rule to Avoid Fines

If you're a tenant paying more than ₹50,000 in monthly rent, you could be sitting on a potential tax penalty without realizing it. As per Section 194-IB of the Income Tax Act, even salaried individuals not just business entities are required to deduct 2% Tax Deducted at Source (TDS) from the rent and deposit it with the government. This provision applies to anyone paying high-value rent and is often overlooked, leading to costly mistakes.

Finance & Economics

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#taxcompliance

No Tax Refund Even After 90 Days? Here's the Reason Behind the Delay

No Tax Refund Even After 90 Days? Here's the Reason Behind the Delay

Income Tax Audit 2025: Key Deadlines, Rules And Penalties For Businesses And Professionals

Income Tax Audit 2025: Key Deadlines, Rules And Penalties For Businesses And Professionals

Big GST Reforms Coming Soon, PMO Signals Green Light

Big GST Reforms Coming Soon, PMO Signals Green Light

Pay Rent Above 50000? Know This TDS Rule to Avoid Fines

Pay Rent Above 50000? Know This TDS Rule to Avoid Fines

8 Foods to Avoid for Better PCOS Management and Hormonal Balance

US Warns India of China’s Two-Front Strategy: LAC Calm, Pakistan Military Boost

Elon Musk predicts a future where jobs become voluntary amid rising automation

Trump pays tribute to fallen soldiers, shares personal stories at Arlington

West Bengal Explores Underground Coal Gasification at Deocha-Pachami Block

Laura Loomer Attacks Elon Musk Over Immigration Views

Virginia attorney general debate set as Miyares, Jones face off amid controversy

Can India Challenge Las Vegas as the Ultimate Betting Destination?

The Future of Food Delivery: Trends and Challenges

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8 Foods to Avoid for Better PCOS Management and Hormonal Balance

US Warns India of China’s Two-Front Strategy: LAC Calm, Pakistan Military Boost

Elon Musk predicts a future where jobs become voluntary amid rising automation

Trump pays tribute to fallen soldiers, shares personal stories at Arlington

West Bengal Explores Underground Coal Gasification at Deocha-Pachami Block

Laura Loomer Attacks Elon Musk Over Immigration Views

Virginia attorney general debate set as Miyares, Jones face off amid controversy

Can India Challenge Las Vegas as the Ultimate Betting Destination?

The Future of Food Delivery: Trends and Challenges

DIY and Crafts

#taxcompliance

No Tax Refund Even After 90 Days? Here's the Reason Behind the Delay

No Tax Refund Even After 90 Days? Here's the Reason Behind the Delay

Income Tax Audit 2025: Key Deadlines, Rules And Penalties For Businesses And Professionals

Income Tax Audit 2025: Key Deadlines, Rules And Penalties For Businesses And Professionals

Big GST Reforms Coming Soon, PMO Signals Green Light

Big GST Reforms Coming Soon, PMO Signals Green Light

Pay Rent Above 50000? Know This TDS Rule to Avoid Fines

Pay Rent Above 50000? Know This TDS Rule to Avoid Fines

8 Foods to Avoid for Better PCOS Management and Hormonal Balance

US Warns India of China’s Two-Front Strategy: LAC Calm, Pakistan Military Boost

Elon Musk predicts a future where jobs become voluntary amid rising automation

Trump pays tribute to fallen soldiers, shares personal stories at Arlington

West Bengal Explores Underground Coal Gasification at Deocha-Pachami Block

Laura Loomer Attacks Elon Musk Over Immigration Views

Virginia attorney general debate set as Miyares, Jones face off amid controversy

Can India Challenge Las Vegas as the Ultimate Betting Destination?

The Future of Food Delivery: Trends and Challenges

DIY and Crafts

Popular Cities